4 ms·
Our economy doesn’t factor in the negative externalities, the damage to the environment done for the sake of making a profit. If we did factor in those costs,
by gdubs 7y ago
Our economy doesn’t factor in the negative externalities, the damage to the environment done for the sake of making a profit.
If we did factor in those costs, if we put a value on the Amazon as the lungs of the world, then it would be more profitable to preserve it than to destroy it.
A carbon tax is a bipartisan solution to this problem. Factor in the negative externalities, and pay a dividend to places that provide a global, environmental service by protecting their forests.